Location Root Tag

LONG ISLAND CITY, N.Y. — United Nations FCU here has unveiled a mortgage lending program aimed specifically at boosting the credit union's penetration with a historically very reliable class of borrowers — doctors.

LOS ANGELES — Small credit unions can boost their lending with new products, better differentiation and by knowing when members are ready to buy their next vehicle.

SAGINAW, Mich. — While some companies frown upon parents and children as co-workers, Catholic Federal Credit Union has no problem hiring employees from the same family. In fact three members of one family work at the same branch.

WASHINGTON — A smaller percentage of U.S. households were unbanked in 2013 compared with two years earlier, just as less traditional financial services products such as prepaid cards grew in usage among those without a bank account.

WASHINGTON — The Supreme Court is slated to hear arguments Tuesday in a case that could determine when and how borrowers are allowed to cancel their mortgages.

Profits at United Bankshares soared in the third quarter thanks largely to a recent acquisition, but credit quality weakened slightly as several commercial borrowers struggled to repay their loans.

JESUP, Ga. — The $56 million Altamaha Federal Credit Union has selected core processor provider Sharetec System to provide its new core system.

First United Bank in Durant, Okla., has agreed to acquire First American Bank in Purcell, Okla.

Fifth Third Bancorp in Cincinnati plans to remain in the business of providing mezzanine finance, even though a rival investment management company has hired four of its lenders.

Park Sterling in Charlotte, N.C. reported lower quarterly earnings as integration costs for a recent acquisition overshadowed solid loan growth.

The Florida company's business plan relies heavily on consolidation, but management hasn't announced a deal in more than two years. CEO Gene Taylor recently told analysts that M&A remains a focus, but the company will no longer discuss the topic until it has something to announce.

Apple Pay scooped up one million payment cards in its first 72 hours, 60% of which were Visa cards, but MasterCard's chief executive still expressed optimism for the payment network's chances in the rapidly shifting mobile landscape.

Pacific Commerce Bank in Los Angeles has agreed to buy Vibra Bank in Chula Vista, Calif.

Banc of California in Irvine reported strong earnings growth in the third quarter thanks to a massive surge in fees from the sale of loans.

Heritage Family CU in Rutland, Vt., has named Matt Levandowski as president and chief executive.

Heritage Oaks Bancorp in Paso Robles, Calif., has revamped its audit committee after discovering it broke Nasdaq rules.

Valley National Bancorp in Wayne, N.J., reported higher earnings driven by loan growth, lower costs and improvements in credit quality.

KANSAS CITY, Mo. and SAN FRANCISCO — With the San Francisco Giants winning the World Series in seven games, Steven Stapp can fire up his grill for a victory barbecue.

S&T Bancorp in Indiana, Pa., has agreed to buy Integrity Bancshares in Camp Hill, Pa.

BBCN Bancorp in Los Angeles has added three directors, including a consultant well-versed in anti-money laundering regulation.